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Mineweb reports that due to the strength of the rupee, the price of silver in the short term could be tied in to demand in India.
Mineweb reports that due to the strength of the rupee, the price of silver in the short term could be tied in to demand in India.
As quoted in the market report:
Combined with seasonal demand, a strengthening rupee could impact physical demand for silver going forward at a time where strong physical demand is the only thing left keeping many weak silver longs from panicking.